FUDEV
ActiveSummary
The computed 12-month bankruptcy probability of FUDEV is 2.0% (moderate). The 2025 annual accounts show equity of €351k and a net result of €75k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 3674 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency59▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.29 in 2024; short-term debt: 27.7% and cash: 8.7% of total assets), and 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.5%
Return on assets
7.2%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
11 d early
2023
22 d early
2022
on the day
2021
3 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€351k▲ 27.4%
2024 · €275k
2019: €100k
2020: €70k
2021: €164k
2022: €211k
2023: €218k
2024: €275k
2019 → 2025
Total assets
€1.05M▼ 0.2%
2024 · €1.05M
2019: €800k
2020: €631k
2021: €1.22M
2022: €1.21M
2023: €1.07M
2024: €1.05M
2019 → 2025
Net result
€75k▲ 2.0%
2024 · €74k
2019: €31k
2020: €-30k
2021: €94k
2022: €13k
2023: €24k
2024: €74k
2019 → 2025
Working capital
€138k▲ 58.7%
2024 · €87k
2019: €-57k
2020: €-22k
2021: €-153k
2022: €-63k
2023: €-74k
2024: €87k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€211k▲ 28.2%€218k▲ 3.6%€275k▲ 26.2%€351k▲ 27.4%
Operating result€127k-€35k▼ 72.1%€53k▲ 50.4%€117k▲ 121%€131k▲ 11.9%
Net result€94k-€13k▼ 86.2%€24k▲ 87.5%€74k▲ 204%€75k▲ 2.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€618k ▼ 6.9%
Current assets
€428k ▲ 11.3%
Equity and liabilities €1.05M
Equity
€351k ▲ 27.4%
Debt
€696k ▼ 10.0%
Debt's share of the balance-sheet total falls from 73.7% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211k▼
2024 · €241k
Cash flow
€155k▼
2024 · €198k
Current ratio
1.48▲
2024 · 1.29
Quick ratio
1.47▲
2024 · 1.29
Debt to equity
1.98▼
2024 · 2.81
ROE
21.5%▼
2024 · 26.8%
ROA
7.2%▲
2024 · 7.1%
Interest coverage
14.57▲
2024 · 9.07
Debt ≤ 1 year
€290k▼
2024 · €298k
Debt > 1 year
€403k▼
2024 · €473k
Income taxes
€43k▲
2024 · €37k
Staff costs
€104k▼
2024 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.05M▼
Fixed assets21/28€664k€618k▼
Tangible fixed assets22/27€662k€618k▼
Land and buildings22€538k€527k▼
Plant, machinery and equipment23€13k€30k▲
Furniture and vehicles24€14k€19k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€97k€42k▼
Financial fixed assets28€2k€0▼
Current assets29/58€385k€428k▲
Stocks and contracts in progress3€800€926▲
Stocks30/36€800€926▲
Amounts receivable within one year40/41€293k€295k▲
Trade receivables40€98k€98k▲
Other amounts receivable41€196k€197k▲
Current investments50/53€30k€30k▲
Cash at bank and in hand54/58€50k€91k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.05M▼
Equity10/15€275k€351k▲
Contributions10/11€19k€19k=
Reserves13€257k€332k▲
Distributable reserves133€257k€332k▲
Investment grants15€0-
Amounts payable17/49€773k€696k▼
Amounts payable after more than one year17€473k€403k▼
Financial debts170/4€473k€403k▼
Amounts payable within one year42/48€298k€290k▼
Current portion of amounts payable after more than one year42€27k€24k▼
Financial debts43€930€4k▲
Credit institutions430/8€930€4k▲
Trade debts44€72k€63k▼
Suppliers440/4€72k€63k▼
Advances received on contracts in progress46€124k€117k▼
Taxes, remuneration and social security45€38k€42k▲
Taxes450/3€22k€26k▲
Remuneration and social security454/9€16k€16k▲
Other amounts payable47/48€36k€40k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€114k€104k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€80k▼
Other operating charges640/8€6k€10k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€365k€325k▼
Operating profit (loss)9901€117k€131k▲
Financial income75/76B€21k€2k▼
Recurring financial income75€21k€2k▼
Financial charges65/66B€27k€14k▼
Recurring financial charges65€27k€14k▼
Profit (loss) for the period before taxes9903€111k€118k▲
Income taxes67/77€37k€43k▲
Profit (loss) for the period9904€74k€75k▲
Profit (loss) for the period to be appropriated9905€74k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€75k▲
Transfer to equity691/2€74k€75k▲
To other reserves6921€74k€75k▲
Social balance
Average headcount (FTE)90872.72.4▼
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €200kEq €211k ▲28.2%
2 profitable years in a row build equity to €211k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
30-06
Financial
Equity above €150kEq €164k ▲134%
Equity rises from €70k to €164k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-30k ▼197%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 123 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 214 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Natiënlaan 70-728300 Knokke-HeistGround area
6,870 m²
Building footprint
316 m²
Volume, LiDAR
1,908 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Holiday Village Knokke
since 20152.239.219.561
Camping Hoeke
since 20202.311.847.520
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0126/00L000 | Flanders | 6,264 m² | 1 · 131 m² | 9.8 m · 2 fl. |
| 31010B0296/00P000 | Flanders | 606 m² | 1 · 186 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 5,065 EUR awarded · 4,900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,165 EUR | 2,000 EUR |
| 2022 | 2 | 2,900 EUR | 2,900 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.239.219.561
Similar companies · same sector, comparable size
SIERRE
BE 0777.729.172
Sint-Truiden · Eq €349,970
HARU
BE 0684.948.177
Kortrijk · Eq €349,893
MARIEMAN
BE 0841.094.918
Oostkamp · Eq €352,271
SANDHU
BE 0889.732.894
Alken · Eq €349,367
THE BARKING SPIDER
BE 0472.395.443
Elsene · Eq €352,500
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 7,255 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2014
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
47120Other non-specialised retail sale
55100Hotels and similar accommodation
55300Accommodation
64210Activities of holding companies
84130Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.